Transportation
Uber is probably the poster child of disruptive tech, with the line “This is the Uber of such-and-such” often used to describe disruptive technology in whichever industry that tech is deployed. So transportation is indeed an industry which has been affected by disruptive technology, in a huge way.
Online flight search platforms are also disrupting the transportation industry.
Travel accommodation
The travel accommodation equivalent of Uber is probably AirBnB, but even the likes of some online holiday booking platforms are essentially stepping in to deal some major disruptions to the travel accommodation industry. I think it’s safe to say that what looked like the monopoly held by those big hotel chains has long since been broken, with anyone who has some kind of custodianship over a building now holding the power to generate some revenue through renting their living space out.
Business Finance
The world of business finance has been drastically affected by disruptive technology in recent years. One area in which technology has had a significant impact is in ach payments processing. It is a type of electronic fund transfer that enables businesses to quickly and securely move money between bank accounts. With the rise of digital payments and the increasing popularity of mobile banking, many businesses are turning to ACH payment processing to streamline their financial operations and improve cash flow. As a result, financial institutions and payment processors are investing heavily in technology to stay ahead of the curve and meet the needs of their clients in this rapidly changing landscape.
The energy industry
For advocates of disruptive tech, nothing is quite as beautiful as an iteration of this disruptive tech which spans more than just one industry. There’s a specific project which incorporates cryptocurrency, crowd-sourcing / crowd-funding, and energy to produce a model that has the pubic chipping-in with investments as low as under $6 to fund a solar power project. A business is identified as a potential customer and crowd-sourced micro investors essentially fund the purchasing and installation of solar panels to power up that business. The business then pays these micro-investors for the energy consumed, at a much lower rate than what they would have paid to get energy from the national grid. Payments are made in cryptocurrency! And, for that purpose, there are a few apps that can help expedite the payment process. By clicking here, you can get a general idea of how digital currencies are transacted.
The legal industry
Blockchain technology (the technology that underpins cryptocurrencies such as Bitcoin) has been earmarked as a future disruptor of the legal industry, which makes for a fair-enough claim because the public-ledger system on which the technology is built would indicatively make for a much better way of keeping legal records and precedents and subsequently enforcing laws based on easily-accessible records and info.
However, there are many sections of the legal industry in which blockchain tech is limited in its potential for disruption, because there will essentially always be a need for that human element to fill in the gaps that exist in the legal system. This is of course unless we eventually get to a point in the world where everybody, everywhere is recorded on video, all the time.
If for instance you take into account the work of the best personal injury attorney Los Angeles has on offer, you’ll likely find no legitimate place for the application of the block chain. There are some humanity-driven elements which will effectively be disregarded by a purely mechanical approach to collecting, analysing and implementing evidence which could otherwise be very crucial and perhaps even critical to the outcome of the case. That personal human touch is required to shine a light on those humanity-driven elements, which are then reconciled with the technical application of the law, so perhaps the blockchain can then be reintroduced to work side-by-side with this much-needed “human” attorney.
